Prospect theory and institutional investors

There is ample evidence that past performance affects the trading decisions of individual investors. This paper looks at this issue using a detailed database of currency trading decisions of institutional investors. Past performance manifestly affects currency risk-taking in this group, but the sign...

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Bibliographic Details
Main Authors: TEO, Melvyn, O'CONNELL, Paul G. J.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2003
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5231
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6230/viewcontent/SSRN_id457741__1_.pdf
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Institution: Singapore Management University
Language: English